Manager Company
Resume:
Leonard H. Patke
Highland Park, Illinois 60035
********@*****.***
SUMMARY
I spent the last 6+ years at Jump Trading LLC here in Chicago working with
the High Frequency Foreign Exchange and Fixed Income trading groups. Was
present from pretty much from the start of the build out of becoming a
black box trading firm at Jump Trading LLC. This has given a very good
understanding of what it takes to be successful in this trading space.
Worked with all our Prime Brokers and the various Exchanges we self-cleared
on an everyday basis. Risk managed in real-time all our FX and Fixed Income
positions to make sure we were properly hedged at all times. Taught traders
the financing principles necessary in order for them to build out there
models with the proper carry numbers. Executed on behalf of Jump Trading
our excess Foreign Exchange and rolled our positions accumulated in various
accounts during the course of normal trading. Executed on behalf of Jump
Trading LLC our purchases of Treasuries and Repo's that we in turn pledged
up at various exchanges on a daily basis. Took care of all fails and
mishits in a timely effective manner.
I managed the New Leader Government Securities Fund at Hickey Financial for
7 years. The fund was a highbred money market fund. Was the Portfolio
Manager of this State, managed the Illinois Funds which are Local
Government Investment Pools that totaled 7 Billion Dollars between the two
Money Market Funds.
These experiences and the rest of my career have given me a great
understanding of how markets operate on a daily basis. If I can answer any
questions you might have feel free to contact me at 847-***-****.
Extensive experience in all aspects of managing a foreign exchange
portfolio and money market fund, including trading, clearing and monitoring
significant economic data on a daily and minute to minute basis.
Consistently maintained liquidity with respect to available Company
capital. Managed and taught several operations and trading personnel the
basic financing principles needed to perform nightly rolls as it relates to
FX, and cost of carry as it relates to Government securities basis trading
(Repo's and Reverse Repo's). Supported and encouraged teamwork environment.
Ensured goals were consistent with company's objectives and standards.
Ability to meet timely deadlines on a daily basis. Maintained good report
with FX and Government securities dealers whenever possible.
SIGNIFICANT ACCOMPLISHMENTS
. Managed State of Illinois Funds and the investment of the State's
General Revenue Fund.
. Netted $1.3 million in additional income for the State of Illinois
General Fund.
. Communicated policy changes and gained the necessary votes to take on
agency collateral and do business with the U.S. Treasury on a direct
basis in collaboration with the Investment Policy Committee of the
State of Illinois.
. Taught Investment Alternatives to County Treasurers and other municipal
officers on behalf of the Treasurer of the State of Illinois.
. Managed New Leader Government Securities Fund, which significantly
outperformed I.L.A.
. Positioned 350 million short-dated government securities, resulting in
company profits and gained liquidity in the marketplace.
. Obtained best available overnight rates by the development of strong
relationships within the financial market-place.
. Enhanced yield by five and ten basis points daily on a $1 billion
overnight portfolio.
. Developed new credit lines with various government securities dealers,
which enhanced company liquidity.
. Played key strategic role in operational development of G.S.C.C.
. Chaired Finance Committee and participated as an active Board Member
for Success National Bank.
PROFESSIONAL EXPERIENCE
Jump Trading LLC 2005 to Feb. 2012
High Frequency Specialist, Foreign Exchange, Fixed Income, Finance Desk,
Derivatives and Cash Settlements.
Roles and Responsibilities at Jump Trading LLC:
. Taught traders the financing principles associated with their daily
trading (Repo's, Reverse Repo's, and Foreign Exchange Rolls).
. Bring up all Jump Trading monitoring systems and log into all ECN's
operating systems. Monitor to make sure all trading groups were hedged
across all security classes, i.e. if we are long 50,000,000 Euro's we
should have a short of 400 Euro contracts at the CME. Same type of
thing with Fixed Income. Could be futures vs. cash, cash vs. cash or
futures vs. futures.
. Print the end of day reports at all the Exchanges that Jump self
clears. Then print out all Jumps end of day reports at the same
Exchanges. Balance all positions on a spreadsheet between what Jump
knows and the Exchange knows to ensure we are in balance with each
other.
. Confirm all cash trades and net positions. Ensure settlement of all
Foreign Exchange, fixed income, Energy, Repo's and derivatives
including futures and equities.
. Execute Foreign Exchange tails and Roll forward any positions to the
proper value date.
. Execute on behalf of the company any excess FX that gets accumulated
during the course of trading foreign markets as part of our regular
business.
. Execute purchases in the US Treasury market on behalf of Jump Trading
based on the yield curve for various Exchange collateral needs.
. Execute Repo's or Reverse Repo's as needed after netting out positions.
. Monitor for any fails and ensure timely resolution.
. Monitor Traiana throughout the trading day to make sure we do not have
any dropped or duped trades.
. Ensure trades are accurately captured in both the transaction and the
accounting systems.
. Communicate professionally and effectively with all brokers and counter
parties.
. Resolve any Mishits in the FX market in a timely and fair manner.
. Check out positions, if any, at the end of the day with all trading
groups, Futures, Metals, Treasury's, Foreign Exchange and Equities.
. Once we have agreed on our net Metals position by account, Roll all our
cash Metal's positions (Silver, Platinum, and Gold) with our prime
Broker.
. Check out with all the FX Prime Brokers that Jump uses to make sure we
know the same NET positions by currency pair and by trading group.
Execute give-ups to bring our overall company position to one clearing
bank so we can roll forward by trading group our overall net position.
. Once we have executed all our rolls, we confirm with the bank that we
are net flat for the current value date.
KINGSTREE TRADING LLC. Chicago IL 2002 to 2004
Manager Fixed Income Desk and Cash Settlements.
Responsible for the daily settlements of all FX and Government securities
trades both in the cash and repo markets. Reconcile traders' profit and
loss statements. Monitor traders' positions on an intraday and nightly
basis. Traded Government securities based on both fundamental and technical
analysis as market conditions dictated to optimize the company's capital.
Maintain a collateral book in order to meet any and all margin calls.
ILLINOIS FUNDS, Springfield, IL 2001 to 2002
Portfolio Manager
Managed the investment and performance of the 5 billion Government, and 1
Billion Prime Money Market Funds. Maintained triple A guidelines for both
funds in order to keep the highest rating. Supervised and supported the
State's 6 Billion dollar General Revenue Fund. Coached and supported 2
other traders that reported to me on a daily basis.
FIRST OPTIONS OF CHICAGO, Chicago, Illinois 1997 to 2001
Manager - Government Securities
Responsible for the investment of a $1.5 billion of government collateral
book to meet margins at various exchanges while maximizing yield and
maintaining liquidity. Traded, cleared, financed and borrowed all
government securities. Monitored credit limits of various dealers as set by
company policy. Interact with various Exchanges around the country to
satisfy collateral and margin needs.
TRANS MARKET, L.L.C., Chicago, Illinois 1994 to 1997
Finance Desk Manager
Covered Company's shorts and financed longs in the repurchase market.
Constant monitoring of market to provide feedback to arbitrage traders in
cash markets, both on and off the trading floor. Oversaw the daily
investment of Company's cash to provide maximum yield.
HICKEY FINANCIAL SERVICES, LTD., Chicago, Illinois 1986 to 1993
Manager
Managed the New Leader Government Securities Fund, which derived its
capital from six in-house arbitrage funds. Responsible for daily investment
of between $30 to $250 million in cash. Traded government securities
regularly on a proprietary basis in the Repo Market by analyzing yield
curve to increase yield. Responsible for all activities related to
financing and borrowing to cover trader positions.
SUCCESS NATIONAL BANK
Board of Directors Successbancshares. 1990 to 1994
Responsible for making sure that all loans stayed within the guidelines
established by bank policy and all legal lending limits were adhered to.
Worked with the loan officers to make sure the underwriting of loans was
documented properly so they could be approved in a timely manner.
Negotiated with the Banks best customers to make both sides comfortable
with the terms of the loan. Managed relationships by attending Bank outings
and company special functions. Participated in civic functions within the
Banks primary lending area. Made potential customers aware of new products
as they became available so we could judge the demand.
NORTHERN TRUST COMPANY, Chicago, Illinois 1985 to 1986
Trader
Coordinated and implemented the lending of $5 billion government portfolio
and the daily investment alternatives of $1 to $1.5 billion with the
objective of maximizing yield and maintaining liquidity. Responsible for
government trading and monitoring broker credit limits as set by bank
policy. Developed and maintained good rapport with brokerage community, the
cage, management and coworkers.
FRANCIS MANZO AND COMPANY, Chicago, Illinois 1984 to 1985
Account Executive
Built client relationship with institutional (pension fund, corporate) and
retail clients.
INDEPENDENT TRADER (LOCAL)
CHICAGO BOARD OF TRADE GIM SEAT DELEGATE (1982 to 1983)
CHICAGO MERCANTILE EXCHANGE (CDs / T-Bills) (1981 to 1982)
Made trading decisions based on research of U.S. and international economic
conditions, analysis of the pit buy and selling activities and constant
monitoring of cash screen to identify correlation between significant
market factors and local variables.
EDUCATION
B.S., University of Illinois at Chicago
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